A balanced home loan for borrowers who haven’t had a credit problem in the last 2 years from our Near Prime range.
4.49% p.a.
4.76% p.a.
Had a couple of defaults or a few credit blips in the past? Or perhaps you’re getting back on-track after a life event? Our Near Prime loan option could help you move onto the property ladder despite a few minor financial hiccups.
To see which home loan option you qualify for, we recommend using our online calculator, where in less than five minutes we’ll estimate your repayments, eligibility and interest rate. What’s more – it won’t impact your credit score, so there’s nothing to worry about.
| Loan purpose | Purchase or refinance of owner occupied or investment properties, also includes unlimited debt consolidation, cash out and payment of tax debts |
| Maximum LVR | Borrow up to 95% of the property’s value for purchases and up to 90% for refinance |
| Maximum amount | $2,500,000 up to 65% LVR |
| Minimum amount | $50,000 |
| Maximum term | 40 years (subject to expected retirement age) |
| Minimum term | 10 years |
| Interest structure | Principal & Interest OR Interest Only (Interest Only available to a maximum of 5 years on Pepper Near Prime PLUS only). Additional terms and conditions apply to Interest Only loans |
| Repayment frequency | Weekly, fortnightly or monthly (Interest only is monthly) |
| Extra payments | Permitted |
| Offset Sub-account | Yes - 100% interest offset sub-account is available. The terms and conditions applicable to offset sub-accounts are set out in the customer’s loan agreement |
Like to know more: Call us now 137 377. Or download a detailed product description >
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Important Information
Information and interest rates are correct as at 23 June 2022 and subject to change at any time. Offers and promotions are available for a limited time and may be continued, withdrawn, or changed at any time without notice.
All applications are subject to Pepper's credit assessment and loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
*Pepper Essential/Prime home loan variable interest rates range from 3.39-5.84%p.a. (Comparison rates range from 3.59%-5.72%p.a.^), Pepper Clear/ Near Prime home loan variable interest rates range from 4.24-7.94%p.a. (Comparison rates range from 4.52-7.90%p.a^.), Pepper Easy Near Prime home loan variable interest rates range from 4.30-8.09%p.a. (Comparison rates range from 4.58-8.05%p.a^.), and Pepper Advantage/Specialist home loan variable interest rates range from 5.19-9.04%p.a. (Comparison rates range from 5.49-9.05%p.a^.). The actual interest rate applicable will depend on the individual borrower's circumstances.
^All Comparison Rates are calculated based on a secured loan of $150,000 and a term of 25 years. WARNING This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Comparison rates for Variable Interest Only home loans are based on an initial 5-year Interest Only period.
